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"What are the Group LTD Coverages and Benefits?"

Here's an outline of the important benefit features offered with ISM Group LTD coverage:

  • Choice of 180-, 90-, or 60-day qualifying (elimination) period
  • 60% or 66 2/3% benefit, to a maximum benefit of $10,000/month (higher benefit % and $ limit available with underwriting approval)
  • Additional 20% benefit through "Activities of Daily Living" feature
  • Choice of 24- or 36-month own occupation definition of disability (any occupation thereafter)
  • Liberal definition of disability including benefits for the partial loss of occupation OR earnings
  • Extended protection for key administrators who regularly work more than 40 hours/week
  • Minimum benefit of the greater of 10% of gross monthly benefit or $100
  • NEW DIRECTIONS Employee Assistance Program
  • Maximum benefit period:

  • Age at Which Disabled

    Maximum Benefit Period

    Prior to age 60 To Social Security Normal Retirement Age (SSNRA)
    60 but less than 65 Greater of 36 months or SSNRA
    65 but before 68 24 months of benefits
    68 but before 70 18 months of benefits
    70 but before 72 15 months of benefits
    72+ 12 months of benefits
  • 6-month survivor Income benefit
  • Survivor financial counseling service (must also have life Insurance through the IS/IT Trust)
  • Work incentive/rehabilitative employment/worksite modification benefits
  • $350 monthly family care benefit
  • Conversion privilege
  • 24-month limitation for disabilities due to mental illness, alcohol, drug, or chemical abuse, dependency, or addiction
  • Continuity of coverage provision for disabilities due to pre-existing conditions

Available Plan Options Include:

  • 3% annual cost-of-living adjustment
  • Pension supplement/retirement savings benefit of 5-15% of disabled employee's monthly salary, paid to the school's pension plan on behalf of the disabled employee
  • $200 monthly medical insurance premium payment benefit
  • $3,000 critical illness benefit
  • Housing allowance for boarding schools

The Independent School Group Life and Disability Insurance Trust (IS/IT) is underwritten by Union Security Insurance Company, rated "A-" (Excellent) by A. M. Best. Products and services are underwritten and/or provided by Union Security Insurance Company.

Learn More

To learn more about ISM's Independent School Group Life and Disability Trust, email ISM Director, Independent School Group Insurance Trust Lori Leonard, or call , 302-656-4944 for more details.

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